A home once owned by Robert Redford sells in Malibu

Update: A Malibu beach home once owned by actor-producer-director Robert Redford has sold for $11.75 million.

The gated two-story, built in 1948, has walls of glass, living areas that open to patios, and stone and hardwood floors. There are five bedrooms, 4 1/2 bathrooms, two fireplaces and 5,329 square feet of living space in the seaside house along Broad Beach.

Redford, 73, is directing "The Conspirator," a historical drama. He starred in " Butch Cassidy and the Sundance Kid" (1969), "The Way We Were" (1973) and "The Sting" (1973). He received an Oscar for directing "Ordinary People" (1980).